Hygge Software Due Diligence

Run due diligence on Hygge Software: check compliance and get alerts when suppliers or ownership change.

Ukraine · owned by Independent (Ukraine) · hygge.software · 18 vendors

Hygge Software is a strategic tech consulting and custom software development company that builds custom software, AI, embedded, and compliance-ready products for startups and enterprises worldwide. They offer services spanning AI/LLM development, embedded systems, SaaS, compliance-ready delivery (HIPAA, GDPR, ISO 27001), and staff augmentation across industries including healthcare, fintech, and deeptech. Founded in Ukraine in 2018, the company has grown to 70 engineers serving clients across 17 countries and holds both ISO 27001 and ISO 9001 certifications.

Resilience scores

Technology vendors

Insights

Last updated 2026-08-20 · revision 2

18 direct vendors, 172 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

Evidence: https://hygge.software/about/, https://hygge.software/services/, https://hygge.software/, https://www.aicpa-cima.com/resources/landing/system-and-organization-controls-soc-suite-of-services

ISO 27001 (source) — Evidence found

Evidence: https://hygge.software/about/, https://hygge.software/, https://hygge.software/company-policy/, https://hygge.software/services/

HIPAA (source) — No public evidence

Evidence: https://hygge.software/, https://hygge.software/services/, https://hygge.software/about/, https://www.hhs.gov/hipaa/for-professionals/covered-entities/index.html

Financials

Three-year financials

Financial Resilience Score: 5/10

Hygge Software is a small (~70-person) privately held Ukrainian-founded IT services boutique headquartered in Warsaw, Poland. No audited financial statements are publicly available, which limits transparency for creditors and partners. Analyst triangulation based on ~70 engineers at US$25-49/hour and typical utilization suggests order-of-magnitude annual revenue of US$2.5-6 million, but this is not confirmed. The company shows several resilience strengths: long-tenured anchor clients (iDoRecall since 2018, Vindat B.V. since 2021), a diversified client base across 17 countries, ISO 27001 (2024) and ISO 9001 (2023) certifications, and a multi-jurisdiction footprint (Poland, Estonia, US, UK) that provides contracting and talent-mobility optionality. A strong Clutch reputation (5.0 average, 97% client satisfaction) supports sales without heavy marketing spend. However, resilience is constrained by small scale, implicit client concentration (approximately 10 developers reportedly on iDoRecall alone), predominant Ukrainian engineering workforce exposed to war-related operational and mobilization risks, rate compression risk from AI-driven productivity gains, and FX mismatch (USD/EUR revenue vs. UAH/PLN costs). Growth has been steady and organic (~5-10 net hires/year) without outside funding or M&A, reflecting a boutique rather than scale profile.

Key strengths: Long-tenured anchor clients (iDoRecall since 2018, Vindat since 2021) providing recurring revenue, Diversified client base across 17 countries reducing country concentration, ISO 27001 (2024) and ISO 9001 (2023) certifications enabling regulated-industry work, Multi-jurisdiction footprint (Poland HQ, Estonia, US, UK) providing operational optionality, Strong Clutch reputation (5.0 rating, 97% client satisfaction) supporting sales pipeline, Positioning into higher-value AI/LLM, embedded/edge AI, and compliance-ready niches, Steady organic headcount growth from ~15 (2019) to ~70 (2024)

Risk factors: Small scale (~70 employees) with limited buffer against loss of anchor clients, Ukraine exposure of engineering workforce amid ongoing war (energy, mobilization risks), No published financial statements limiting due diligence, Rate compression risk from AI productivity gains and global outsourcing dynamics, Implicit client concentration (approx. 10 devs on iDoRecall account), FX mismatch: revenue in USD/EUR vs. costs in UAH/PLN, Fragmented revenue: most Clutch projects under US$10,000, Mixed pricing model (premium positioning vs. US$25-49/hr rates)

Revenue by product/service

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